The random ponderings of a thoroughbred racing tragic

Month: July 2017

After languishing for months it appears the eagerly awaited Race Fields Legislation may see the light of day next month.

When Nathan Guy moved on to focus on bigger and brighter things back in April he declared new Racing Minister David Bennett would be likely to introduce the Race legislation into the House “in the next few weeks.”

At the time Labour’s racing spokesman Kris Faafoi said there had to be doubt around the legislation getting through the House prior to the election.

“The government is being extremely tardy in introducing this legislation and it would be extremely optimistic to think a bill that hasn’t yet been introduced will be able to be passed before the election, which was the promise National made,” Faafoi told Stuff at the time.

“Personally, I don’t like the odds,” he said.

It seemed that Labour’s man was going to be spot on with his assessment but today came an email from the Racing Minister declaring the intention “to introduce the Racing Amendment Bill to the House of Representatives before the General Election.”

The Bill, to explain to those who have been living under a rock, came about after the industry raised concerns with the government about overseas Internet sites taking bets on the New Zealand “product” without making any contribution to the local industry.

Changes to the Act, based on recommendations from the Offshore Racing and Sports Betting Working Group, will see two charges introduced.

The information charge, which has led to the legislation being referred to within racing circles as Race Fields, is similar to that already successfully in place in Australia. Here offshore bookmakers will be required to pay a charge for the New Zealand racing information they use in their betting products. (It also covers sport but this is purely a racing blog!).

The consumption charge will apply to bets that offshore operators take from people in New Zealand.

David Bennett said it is an exciting progression for the racing industry to see this legislation come to fruition.

“We are working hard to achieve the goal,” he said.

But the Minister also had a word of warning.

“Designing legislation which has extra-territorial effect is not simple, but the drafting is well underway,” he said.

“The Bill is expected to get its first reading in August, putting it on track to becoming part of New Zealand legislation next year at some time.”

On track, yes, but as we all know – there are no certainties in racing and, until we salute the judge with this one I won’t be putting any money on it!